Description
CapybaraDEX is a decentralized exchange on Kaia that uses a coverage-ratio-based stableswap algorithm derived from Wombat Exchange technology. It enables single-sided liquidity provision across asset pools, minimizing impermanent loss and slippage. Users can swap tokens, provide liquidity to earn fees, and participate in a fee-sharing mechanism. Additional on-platform features include Capy Perp (perpetual trading), on-chain raffle, and the Capy Go mini-game.